The Duke Energy rate hike North Carolina proposal is drawing strong reactions as customers across the state face the possibility of even higher electric bills. The company is requesting an 18% increase over the next several years.
Duke Energy Rate Hike North Carolina Could Impact Monthly Bills
According to reporting from WRAL, the proposed increase could add about $34 per month for the average residential customer by 2028. This comes after electricity bills in North Carolina have already risen approximately 22% since 2020.
The increase would be phased in over time, with the largest jump expected in the first year. Duke Energy says the changes are necessary to support infrastructure upgrades and meet growing demand across the state.
Customers Push Back as Costs Continue to Rise
The Duke Energy rate hike North Carolina request has sparked backlash from customers and advocacy groups. More than 71,000 people have signed a petition calling for an independent audit of billing practices.
Public hearings are now underway, giving residents a chance to voice concerns directly to state regulators. Additional hearings, including virtual sessions, are scheduled as part of the review process.
Critics point to Duke Energy’s recent profits and question whether additional rate increases are justified. Others worry about affordability, especially as energy costs continue to rise nationwide.
What Happens Next in North Carolina
The North Carolina Utilities Commission will review the proposal and determine whether the increase is justified. The process includes testimony from experts, public input, and regulatory analysis.
For residents in Moore County, Southern Pines, and across the Sandhills, the decision could directly impact monthly household budgets in the coming years.
Stay connected with Star 102.5 for updates on how this developing story could affect your wallet and your community.